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Investment

Wealth down as ANZ posts $4.5bn profit

MELANIE TIMBRELL  |  FRIDAY, 17 AUG 2012
ANZ has posted unaudited underlying profit for the nine-month period to June 30 of $4.5bn, a rise of 5.5% on the prior corresponding period, driven by increases in income across divisions, with wealth the notable exception.

Greens plan to fell Westpac-backed logging

MELANIE TIMBRELL  |  FRIDAY, 17 AUG 2012
Greens senator Lee Rhiannon yesterday moved a motion calling on the Government to get involved in the debate over Westpac's financial backing of logging operations in the Solomon Islands.

Julius Baer buys Merrill Lynch wealth

MELANIE TIMBRELL  |  FRIDAY, 17 AUG 2012
Swiss private banking group Julius Baer will acquire Merrill Lynch's International Wealth Management business outside the United States from Bank of America.

Higher profits/lower dividends: AMP FHY result

BEN COLLINS  |  THURSDAY, 16 AUG 2012
AMP limited has reported a $383 million profit in its first half year results, up 11% on the first half year to 30 June 2011.

AFMA urges ASIC to focus on market risk

LINDA HAUSKEN  |  THURSDAY, 16 AUG 2012
The Australian Financial Markets Association wants the Australian Securities & Investments Commission to refine its proposed approach to dark pools, claiming it would lead to better targeted regulatory intervention in the market.

Shareholders force RE change

BEN COLLINS  |  THURSDAY, 16 AUG 2012
Shareholders with around 10% of issued capital in the direct property investor, 360 Capital Industrial Fund, are attempting to replace the responsible entity.

Income-seeking investors returning to secured credit

MARK STORY  |  THURSDAY, 16 AUG 2012
While it remains a shadow of its former pre-GFC glory, improving credit quality and stronger yields are luring instos' back into secured credit investments.

Perpetual fund 'recommended' by Zenith

LINDA HAUSKEN  |  WEDNESDAY, 15 AUG 2012
Zenith Investment Partners has branded Perpetual's Pure Equity Alpha Fund as 'recommended.'

Hastings securities in trading halt as PPA ups offer

MELANIE TIMBRELL  |  WEDNESDAY, 15 AUG 2012
Hastings securities have been placed in a trading halt ahead of this morning's announcement by Pipeline Partners Australia (PPA) that it has upped its all-cash offer price for Hastings Diversified Utilities Fund (HDF).

ASX flags concerns over losing single operator status

LINDA HAUSKEN  |  TUESDAY, 14 AUG 2012
The Australian Securities Exchange raises a red flag over any loss of its current monopoly on clearing and settlement - claiming the country's financial market stability might be at risk.